Key facts
- Pablo Hernández de Cos leads the Bank for International Settlements.
- Key concerns include public debt, non-bank financial intermediaries, and AI in finance.
- The BIS is known as the central banks' central bank.
Pablo Hernández de Cos, in his role as the day-to-day head of the Bank for International Settlements (BIS), is actively overseeing several critical financial issues. The BIS, often described as the central banks' central bank, is paying close attention to the growing levels of public debt, the evolving role of shadow banks (also known as non-bank financial intermediaries), and the pervasive influence of artificial intelligence on financial practices and the wider economy. The article indicates that Hernández de Cos's agenda is full with these significant matters.